Business Savings Accounts

Savings Accounts for Business

Your initial Langley account

A Business Savings account is the initial account that you, as a member, will have with Langley. Once you make the initial deposit, which includes the purchase of a $5.00 share in the credit union, you become a member-owner of Langley Federal Credit Union, which enables you to take advantage of other products and services offered.

Minimum Balance to Open and Maintain the Account:  $25.

Deposits:  Unlimited number of deposits may be made.

Fees:  No monthly maintenance fee.

Withdrawal Limitation:  Maximum withdrawal of $600 per day from the ATM.

Transaction Limitation:  No more than six (6) preauthorized, automatic (to include overdraft protection), or telephone transfers, including Langley Online Banking, may be made from this account to another account of yours or to a third party in any month, and no more than three (3) of these six (6) transfers may be made by check, draft, or debit card to a third party. If these transfer limitations are exceeded, your account will be assessed a Returned Item fee for each attempted transfer, and the account may be subject to closure. Please refer to the separate Fee Schedule.

Dividend:  Business Savings accounts pay tiered dividends.